Core Insights - Philip Morris reported $10.36 billion in revenue for Q4 2025, a 6.8% year-over-year increase, with an EPS of $1.70 compared to $1.55 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $10.43 billion by 0.63%, while the EPS exceeded the consensus estimate of $1.67 by 2.04% [1] Financial Performance - The company’s stock has returned +14.6% over the past month, outperforming the Zacks S&P 500 composite, which declined by -1.5% [3] - Philip Morris holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3] Shipment Volumes - Total shipment volume for cigarettes and heated tobacco units (HTUs) was 38.4 billion, exceeding the average estimate of 37.97 billion [4] - In Europe, cigarette shipment volume reached 36.89 billion, surpassing the estimated 36.01 billion [4] - Total shipment volume in Europe was 53.18 billion, compared to the average estimate of 51.98 billion [4] - In the Americas, total shipment volume was 16.87 billion, above the estimated 16.47 billion [4] Geographic Revenue Breakdown - Net revenues in the Americas were $1.23 billion, slightly below the $1.3 billion estimate, reflecting a -2.5% year-over-year change [4] - Net revenues from EA, AU & PMI DF were $1.43 billion, compared to the estimated $1.45 billion, marking a -0.6% change year-over-year [4] - Net revenues from SSEA, CIS & MEA were $3.11 billion, slightly below the estimate of $3.12 billion, with an 8.4% year-over-year increase [4] - European net revenues reached $4.6 billion, exceeding the estimate of $4.59 billion, with a 13.4% year-over-year increase [4] Smoke-Free and Combustible Tobacco Revenues - Smoke-free revenues excluding W&H in Europe were $2.26 billion, below the estimate of $2.32 billion, but showed a 17.2% year-over-year increase [4] - Smoke-free revenues excluding W&H in SSEA, CIS & MEA were $546 million, slightly above the estimate of $540.69 million, with a 33.2% year-over-year increase [4] - Total smoke-free revenues excluding W&H were $4.35 billion, below the estimate of $4.39 billion, reflecting a 14.6% year-over-year increase [4] - Total revenues from combustible tobacco were $6.01 billion, below the estimate of $6.15 billion, with a year-over-year increase of 3.3% [4]

Core Insights - Marine Products Corporation (MPX) reported earnings for Q4 and full year 2025, missing EPS estimates but exceeding revenue expectations [1] Financial Performance - MPX achieved a 35% increase in net sales for Q4 2025, reaching $64.6 million, driven by a 12% increase in price/mix and a 22% rise in the number of boats sold [2][6] - The company reported a 39% increase in gross profit, totaling $12.7 million, with a gross margin of 19.6%, up 40 basis points from the previous year [3][6] Valuation Metrics - MPX has a price-to-earnings (P/E) ratio of 25.65 and a price-to-sales ratio of 1.18, indicating investor confidence in its future earnings potential [4] - The enterprise value to sales ratio stands at 1.00, and the enterprise value to operating cash flow ratio is 14.89, reflecting efficient cash generation relative to market value [4] Liquidity and Investment Appeal - The company has a strong current ratio of 5.37, showcasing its ability to cover short-term liabilities with short-term assets [5][6] - An earnings yield of 3.90% provides a reasonable return on investment for shareholders, enhancing the company's attractiveness in the fiberglass boat industry [5]

Core Insights - BILL Holdings reported revenue of $414.67 million for the quarter ended December 2025, reflecting a year-over-year increase of 14.4% and surpassing the Zacks Consensus Estimate by 3.73% [1] - The company's EPS for the quarter was $0.64, up from $0.56 in the same quarter last year, resulting in an EPS surprise of 14.96% compared to the consensus estimate [1] Financial Performance Metrics - Total Payment Volume for BILL AP/AR reached $79.9 billion, exceeding the average estimate of $79.38 billion [4] - Total Payment Volume for BILL Spend & Expense was $6.5 billion, above the $6.26 billion average estimate [4] - Overall Total Payment Volume amounted to $95.1 billion, surpassing the average estimate of $93.86 billion [4] - The number of businesses using BILL Spend & Expense solutions was 44,000, slightly above the average estimate of 43,868 [4] - The total number of businesses using BILL solutions was 498,500, which was below the average estimate of 503,904 [4] - Embedded Solutions & Other customers totaled 277,000, exceeding the average estimate of 236,650 [4] - Total Payment Volume for Embedded Solutions & Other was $8.7 billion, higher than the estimated $8.07 billion [4] - Transactions for BILL Spend & Expense reached 19.8 million, compared to the average estimate of 19.45 million [4] - Transactions for BILL AP/AR were 12.8 million, below the average estimate of 13.64 million [4] - Revenue from subscription and transaction fees was $375.13 million, exceeding the average estimate of $364.64 million and representing a 17.4% increase year-over-year [4] - Revenue from interest on funds held for customers was $39.54 million, slightly above the average estimate of $35.97 million, but showed a year-over-year decline of 7.9% [4] Stock Performance - Shares of BILL Holdings have decreased by 33.9% over the past month, while the Zacks S&P 500 composite has increased by 0.5% [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]

Financial Performance - MGM Resorts reported revenue of $4.61 billion for the quarter ended December 2025, representing a 6% increase year-over-year [1] - The earnings per share (EPS) was $1.60, significantly up from $0.45 in the same quarter last year, indicating a surprise of +151.14% over the consensus estimate of $0.64 [1] - The reported revenue exceeded the Zacks Consensus Estimate of $4.44 billion by +3.63% [1] Key Metrics - MGM's stock has returned +8.2% over the past month, outperforming the Zacks S&P 500 composite's +0.5% change [3] - The company currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance in the near term [3] Las Vegas Strip Operations - Slots Handle was reported at $6,842.00, slightly above the average estimate of $6,792.14 [4] - Slots Win was $642.00, exceeding the average estimate of $633.92 [4] - Table Games Drop was $1,698.00, above the average estimate of $1,591.00 [4] - Table Games Win was reported at $473.00, surpassing the average estimate of $388.47 [4] - Revenue per Available Room (REVPAR) was $228.00, below the average estimate of $238.72 [4] - Occupancy rate was 91%, slightly above the average estimate of 90.5% [4] - Revenues from Las Vegas Strip Resorts totaled $2.17 billion, a year-over-year decrease of -2.6%, but above the average estimate of $2.16 billion [4] Regional and International Operations - Revenues from Regional Operations were $950.43 million, slightly above the average estimate of $943.46 million, with a year-over-year increase of +2% [4] - MGM China reported revenues of $1.24 billion, significantly exceeding the average estimate of $1.12 billion, with a year-over-year increase of +21.4% [4] - MGM Digital revenues were $188.24 million, above the average estimate of $163.17 million [4] - Management and other operations generated $64.09 million, exceeding the average estimate of $33.01 million [4] Adjusted Property EBITDA - Adjusted Property EBITDA for Las Vegas Strip Resorts was $735.35 million, above the average estimate of $712.57 million [4]

Core Insights - Lionsgate Studios Corp. reported revenue of $724.3 million for the quarter ended December 2025, reflecting a year-over-year increase of 1.5% and surpassing the Zacks Consensus Estimate of $706.03 million by 2.59% [1] - The company's EPS for the same period was $0.01, a significant decrease from $0.22 a year ago, resulting in an EPS surprise of -50% compared to the consensus estimate of $0.02 [1] Revenue Breakdown - Television Production revenue was $303.1 million, which fell short of the four-analyst average estimate of $348.8 million, marking a year-over-year decline of 25.1% [4] - Motion Picture revenue reached $421.2 million, exceeding the average estimate of $356.98 million by four analysts, and showed a year-over-year increase of 36.2% [4] Profitability Metrics - Segment Profit for Motion Picture was reported at $58.5 million, outperforming the four-analyst average estimate of $38.49 million [4] - Segment Profit for Television Production was $55.7 million, which was below the average estimate of $64.84 million by four analysts [4] Stock Performance - Shares of Lionsgate Studios Corp. have returned +0.5% over the past month, aligning with the Zacks S&P 500 composite's +0.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - Digital Realty Trust (DLR) reported a revenue of $1.63 billion for the quarter ended December 2025, reflecting a year-over-year increase of 13.9% and a surprise of +3.52% over the Zacks Consensus Estimate of $1.58 billion [1] - The earnings per share (EPS) for the quarter was $1.86, significantly higher than the $0.51 reported in the same quarter last year, and exceeded the consensus EPS estimate of $1.83 by +1.75% [1] Revenue Breakdown - Rental revenues were reported at $1.07 billion, matching the average estimate from seven analysts and showing a year-over-year increase of +12.1% [4] - Tenant reimbursements for utilities amounted to $356.08 million, surpassing the average estimate of $317.59 million and representing a +17.7% change year over year [4] - Tenant reimbursements for other categories were $34.41 million, falling short of the average estimate of $38.72 million, indicating a -10.8% change compared to the previous year [4] - Total tenant reimbursements (utilities + other) reached $390.49 million, exceeding the average estimate of $356.31 million and showing a +14.4% year-over-year increase [4] - Fee income was reported at $45.69 million, significantly higher than the average estimate of $30.69 million, reflecting a remarkable +96% change year over year [4] - Interconnection and other revenues totaled $123.41 million, slightly above the average estimate of $121.3 million, with a +9.8% year-over-year increase [4] - Other revenues were reported at $0.37 million, which was below the average estimate of $1.4 million, but showed an extraordinary year-over-year change of +830% [4] Stock Performance - Digital Realty Trust's shares have returned +7.7% over the past month, outperforming the Zacks S&P 500 composite, which saw a +0.5% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Key Takeaways IQVIA beat Q4 earnings and revenue estimates, delivering 9.6% EPS growth and 10.3% Y/Y revenue rise.IQV posted segment gains: R&D and Technology & Analytics grew about 10%, while Contract Sales surged 18.6%.IQVIA guided 2026 revenues at $17.15-$17.35B and reported $2B cash with $561M in Q4 free cash flow.IQVIA Holdings Analytics Inc. (IQV) has reported impressive fourth-quarter 2025 results, wherein earnings and revenues beat the Zacks Consensus Estimate.Adjusted earnings were $3.42 per share, ...

Core Insights - Intercontinental Exchange (ICE) reported fourth-quarter 2025 adjusted earnings per share of $1.71, exceeding the Zacks Consensus Estimate by 2.4%, with a year-over-year increase of 12.5% [1][9] - The company's net revenues reached a record $2.5 billion, although this represented a 17.3% decline year-over-year, still beating the Zacks Consensus Estimate by 1.2% [3][9] - ICE's shares rose by 1.9% in pre-market trading following the earnings report [1][9] Financial Performance - Total operating expenses increased by 1.7% year-over-year to $1.3 billion, driven by higher compensation, technology, rent, and administrative costs [3] - Adjusted operating income rose by 1.1% year-over-year to $1.5 billion, with an adjusted operating margin expanding by 200 basis points to 60% [4][9] Segment Performance - Exchanges segment net revenues were $1.4 billion, up 10% year-over-year, with adjusted operating income also increasing by 10% to $1 billion [5] - Fixed Income and Data Services revenues reached $608 million, a 10% year-over-year increase, with adjusted operating income rising by 7% to $267 million [6] - Mortgage Technology revenues increased by 5% to $532 million, with adjusted operating income up 19% year-over-year to $211 million [7] Full-Year Highlights - For the full year, adjusted earnings per share improved by 14% to $6.95, surpassing the Zacks Consensus Estimate of $6.92 [8] - Total revenues for the year were $9.9 billion, reflecting a 7% year-over-year increase, matching the consensus estimate [8] Financial Update - As of December 31, 2025, ICE had cash and cash equivalents of approximately $1.6 billion, down 20% from the previous year, while long-term debt increased by 7% to $18.6 billion [10] - Operating cash flow was $4.7 billion, up 1% year-over-year, and adjusted free cash flow rose by 16% to $4.2 billion [10] Guidance - For the first quarter of 2026, GAAP operating expenses are expected to be between $1.245 billion and $1.255 billion, with adjusted operating expenses projected between $1.01 billion and $1.02 billion [11] - For the full year 2026, recurring revenue growth for Exchanges and Fixed Income & Data Services is expected in the mid-single digits, while Mortgage Technology is projected to grow in low-to-mid single digits [12] Shareholder Returns - In 2025, ICE repurchased $1.3 billion of its common stock and paid $1.1 million in dividends [13] - The board approved a first-quarter 2026 dividend of 52 cents per share, an increase of 8%, with an expected annual total dividend of $2.08 per share for 2026 [13]

Core Viewpoint - AAR Corp. has shown strong performance in its latest earnings report, with significant year-over-year growth in earnings and sales, leading to a positive outlook for the stock [2][4][10] Financial Performance - AAR reported adjusted earnings of $1.18 per share for Q2 fiscal 2026, exceeding the Zacks Consensus Estimate of $1.02 by 15.7% and improving 31.1% from the previous year's 90 cents [2] - The company generated net sales of $795.3 million, surpassing the Zacks Consensus Estimate of $767 million by 3.7% and increasing 15.9% from $686.1 million in the same quarter last year [4] Segment Performance - Sales in the Parts Supply segment reached $353.6 million, reflecting a 29.2% year-over-year increase [5] - Repair & Engineering segment sales were $244.5 million, up 6.9% from the prior year [5] - Integrated Solutions sales amounted to $175.8 million, a 7.6% increase year-over-year [5] - Expeditionary Services recorded sales of $21.4 million, up 5.9% from the previous year [5] Operational Efficiency - AAR's adjusted operating margin improved from 9.2% to 10.2%, driven by higher volume and profitability in new parts distribution [6] - Selling, general and administrative expenses decreased to $88.7 million from $133.1 million a year ago [6] Financial Position - As of November 30, 2025, AAR's cash and cash equivalents were $75.6 million, down from $96.5 million as of May 31, 2025 [7] - Long-term debt totaled $952.7 million, slightly down from $968 million as of May 31, 2025 [7] - Net cash used from operating activities in the first six months of fiscal 2026 was $31.3 million, compared to a net cash provided of $3.4 million in the same period last year [7] Market Sentiment - There has been an upward trend in consensus estimates, with a shift of 11.01% in the past month [8] - AAR has a strong Growth Score of A but lags in Momentum Score with an F, resulting in an aggregate VGM Score of B [9] - The stock holds a Zacks Rank 2 (Buy), indicating expectations for above-average returns in the coming months [10]

Core Insights - UGI Corporation reported fiscal first-quarter 2026 earnings of $1.26 per share, missing the Zacks Consensus Estimate of $1.50 by 16% and down 8.03% from $1.37 per share in the same quarter last year [1][9] - Total revenues for the quarter were $2.08 billion, falling short of the Zacks Consensus Estimate of $2.13 billion by 2.07%, but representing a 2.61% increase from $2.03 billion in the prior year [2][9] Financial Performance - Earnings before interest expense and income tax (EBIT) for the fiscal first quarter of 2026 were $462 million, an 11% decline from $519 million in the year-ago quarter [3] - Interest expenses increased to $111 million, up 8.82% from $102 million in the previous year [3] Strategic Developments - UGI filed new gas base rate cases for UGI Utilities and Mountaineer Gas, seeking overall distribution rate increases of $99 million and $27 million, respectively [3] - The company entered into agreements for the divestiture of LPG businesses in several countries for an enterprise value of nearly $56.59 million, contributing to $215 million in cash proceeds from divestitures since fiscal 2025 [4] - UGI invested $225 million in the fiscal first quarter of 2026, with 73% allocated to regulated utilities [4] Operational Highlights - The New Carlisle LNG storage and vaporization facility commenced operations in the fiscal first quarter of 2026 [5] - Segment performance showed mixed results: - AmeriGas Propane EBIT was $72 million, down 2.70% year-over-year - UGI International EBIT increased by 12.7% to $124 million - Midstream & Marketing EBIT declined by 7.37% to $88 million - UGI Utilities EBIT rose 10.2% to $157 million [6][7]